Includes bibliographical references and index

"Edward N. Luttwak reveals that the American Dream has become a fantasy and supplies powerful remedies to reverse our nation's slide into the Third-World status."--Page 4 of cover

The new struggle for industrial supremacy -- Our Japan problem -- Models and myths: Prussia and Japan -- When will the United States become a third world country? -- Capitalism without capital -- The poor and the super-rich -- Where have all the high wages gone? -- From law to legalism -- The savings gap -- What is to be done? -- The geo-economic arms race

"A Touchstone book."

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